Snowflake 2023年度报告

Dear fellow Stockholders, Snowflake’s fiscal year ended January 31, 2024 marked another strong period for Snowflake. Our advancements as the preeminent AIData Cloud continued to enable our customers around the world to transform their businesses and serve their customers better thanever before. This led to Snowflake delivering $2.8 billion of revenue, representing 36% growth year-over-year. In February of this year, I became the new CEO of Snowflake. I am honored to take over the reins from our Chairman Frank Slootmanwho oversaw five years of exceptional growth. Frank leaves Snowflake in my hands with a strong foundation, setting the stage forwhat promises to be a new era of growth driven by data and AI. A NEW ERA FOR ENTERPRISE AI For the last 50 years, everyone has lived by the rigid, frustrating rules that computers and programmers set for us. Generative AI ischanging that – it has never been easier to understand, easier to build, and easier to reinvent – and we’re just getting started. Snowflake’s mission is to eliminate complexity for our customers so they can focus on the future of their business and stay ahead. OurAI Data Cloud platform and world-leading products have positioned us as a leader in our industry for many years, helping customerssteadily eliminate limits to data, users, workloads, applications, and new forms of intelligence. Our commitment to maintaining ourleadership position has never been stronger. What made us so successful now enables enterprises and businesses of all sizes to leverage AI in an easy, efficient and trusted way.Snowflake is the platform on which enterprise AI is being built. Many of our thousands of customers – some of the largest companies in the world – are already counting on Snowflake as the datafoundation of their AI strategies. Companies like Capital One, Comcast, FOX, Goldman Sachs, Petco, and State Street and many-manymore are leveraging Snowflake’s platform to drive their business. With recent milestone launches like Snowflake Arctic, a state-of-the-art open source, enterprise-grade large language model (LLM),Snowflake Cortex LLM Functions, Snowflake Copilot and snowflake-arctic-embed, our innovation pipeline is in overdrive. Our strategic investments through M&A like Neeva and Applica, and investments via Snowflake Ventures such as Mistral AI, Reka,and Landing AI, are accelerating our AI vision, product roadmap and ecosystem. Our partnership with NVIDIA will allow us to bring the power of AI computing to the large scale of data we support so customers willhave a full-stack AI platform to transform their industries. Snowflake is demonstrating that it has both the commitment as well as the capability to be at the leading edge of data and AI. We havea unique opportunity ahead of us to deliver a profound long-term impact, not just on our customers’ businesses but on their entireindustries. We are dedicated to delivering on this promise in the months and years to come. Sridhar RamaswamyCEO, Snowflake NOTICE OF ANNUALMEETING OF STOCKHOLDERS To Be Held on July 2, 2024 Dear Stockholder: We are pleased to invite you to virtually attend the 2024 Annual Meeting of Stockholders (Annual Meeting) of Snowflake Inc., aDelawarecorporation(Snowflake).TheAnnualMeetingwillbeheldvirtually,vialiveaudiowebcastatwww.virtualshareholdermeeting.com/SNOW2024 onTuesday, July 2, 2024at10:00 a.m., Mountain Time. The virtual format of theAnnual Meeting allows us to preserve stockholder access while saving time and money for both us and our stockholders. You will beable to vote and submit questions during the Annual Meeting, and we encourage you to attend online and participate. The Annual Meeting will be held for the following purposes, which are more fully described in the accompanying materials: 1To elect the three nominees for Class I directors named in the accompanying proxy statement (Proxy Statement), eachto hold office until our Annual Meeting of Stockholders in 2027 and until his or her successor is duly elected andqualified, or until his or her earlier death, resignation, or removal; 2To approve, on a non-binding advisory basis, the compensation of our named executive officers, as disclosed in theProxy Statement (commonly referred to as “say-on-pay”); 3To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for thefiscal year ending January 31, 2025; 4To consider and vote on, if properly presented at the Annual Meeting, a non-binding stockholder proposal requestingthe declassification of our board of directors; and 5To conduct any other business properly brought before the Annual Meeting or any adjournment, continuation, orpostponement thereof. We have elected to provide internet access to our proxy materials for our Annual Meeting, which include the Proxy Statement, in lieuof mailing printed copies. Providing our Annual Meeting materials via the internet reduces the costs associated with our AnnualMeeting